RE: no problem with mining at elevationYes.. that was not a bad synopsis of the whole business of penny stocks trading. Of course.. some juniors do good... sell their properties to majors or partner up with majors. Some even go on to become majors in their own right.
Actually it must be the same John Grieg from EZM, RFR. He also told me that I should sell. That was when CHX was hitting around $1.40 to $1.44 about 10 days ago. I didn't listen, so I'm worth a little less, but still about twice what I was when I bought in. Hopefully something tangible will bring about a reversal back up. Still things are OK given the general malaise this time of year. Could do worse.
Candlestick anaylsis, if you give that any weight, says a black candlestick with a downward gap formed, and a black candlestick closing below the previous close and a long black candlestick with a big upward gap happened today. That is sufficient to confirm a sell although with a one day delay. If what zincman says is correct then maybe we should sell and come back in a little lower. But I'll hold off until the end of the week before selling any of my position. Then I'll think about it over the weekend and see what happens Monday.